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JetBrains launches Mellum, an AI model built to assist developers with code completion
Professional software development tool company JetBrains s.r.o. announced Tuesday the release of a new proprietary artificial intelligence large language model named Mellum trained in coding know-how that will assist software developers. “Unlike typical large language models, Mellum is built specifically for coding,” said Valerie Kazmina, product marketing manager at JetBrains. “We are focused on creating ...
Anthropic releases improved Claude models that can control your computer
Leading artificial intelligence firm Anthropic PBC today introduced new Claude 3.5 Sonnet and Claude 3.5 Haiku generative AI models with significantly upgraded capabilities over their predecessors. The upgraded Sonnet arrived within four months after the initial launch of the initial model in June and received substantial gains in computer coding, which it was already designed ...
Thomson Reuters acquires agentic AI accounting assistant firm Materia
Global content and technology company Thomson Reuters Corp. said today it acquired Materia, a U.S.-based startup that develops specialized artificial intelligence agents for accounting professionals, for an undisclosed sum. Founded in 2022, Materia provides AI assistants that help accountants automate knowledge work for tax, auditing and research to improve their effectiveness when working with clients. ...
Stability AI releases next-gen open-source Stable Diffusion 3.5 text-to-image AI model family
Generative artificial intelligence startup Stability AI Ltd. today announced the release of Stable Diffusion 3.5, which includes three next-generation open-source text-to-image AI model variants. “In June, we released Stable Diffusion 3 Medium, the first open release from this series. This release didn’t fully meet our standards or our communities’ expectations,” the company said in the ...
Genmo introduces Mochi 1, an open-source text-to-video generation model
Genmo Inc., an artificial intelligence content generation platform, today announced the preview release of its new open-source model Mochi 1, capable of video generation. The company said Mochi 1 represents dramatic improvements in state-of-the-art quality of motion as well as the ability to keep in line with the query text written by users. It’s not ...
Microsoft brings autonomous agents to Dynamics 365 and Copilot Studio
Microsoft Corp. announced a set of autonomous artificial intelligence agents for Dynamics 365 aimed at business users today during the company’s AI Tour in London. The company also said the ability to create AI agents with Copilot Studio will be in public preview next month. The capability was introduced in private preview in May at Microsoft Build ...
Terray Therapeutics rakes in $120M for AI-powered small-molecule drug development
Terray Therapeutics, a biotechnology company using artificial intelligence to accelerate the development of small-molecule drugs, said today it has raised $120 million in a Series B fundraise to enhance its AI platform. New investor Bedford Ridge Capital and existing investor NVentures, Nvidia Corp.’s venture capital arm, led the funding round. The round also attracted investments from ...
Data science and AI development platform Zerve raises $7.6M
Ireland-based Zerve AI Ltd., a data science and artificial intelligence development platform, said today it has raised $7.6 million in a seed round to help data scientists and engineers collaborate faster. The round was led by Paladin Capital Group, with participation from existing investor Elkstone and angels, including Rob Hickey, former executive vice president of DataRobot. ...
Mistral introduces Ministral 3B and 8B AI computing models for phones and laptops
Mistral AI, a Paris-based artificial intelligence startup, today introduced two new AI large language models, Ministral 3B and 8B, designed for on-device and edge computing thanks to their small size. The company called this new model family “les Ministraux,” for its rating in the sub-10 billion-parameter category, which makes them small enough to run on ...
Blockstream raises $210M to boost bitcoin blockchain layer 2 scaling technology
Bitcoin and blockchain infrastructure company Blockstream Corp Inc., said Tuesday it has raised $210 million in new funding led by Fulgur Ventures. The company said the funds will be used to expand the development and adoption of the company’s bitcoin layer 2 technology, which is used to scale up blockchain transactions, mining operations and financial ...